Dalio: The United States is entering a "great turbulence" period; it is recommended to allocate 5%-15% to gold.

Golden Finance reports that on May 8th, Bridgewater founder Ray Dalio stated that the United States is heading toward a long-term period of turmoil lasting many years, driven by reasons including massive fiscal deficits, growing income inequality, and increasing political polarization between the left and right. He also added that new geopolitical dynamics and the shocks brought by AI will further intensify this turbulence. During a podcast interview, Dalio pointed out that significant changes will occur in the next five years, with all these forces acting simultaneously and stacking upon each other. Once this period passes, the world will be almost unrecognizable, becoming drastically different and experiencing a period of major transformation and intense upheaval. Dalio said that America’s social and political systems are at risk, and he is concerned that violence may occur. “We will face midterm elections, and I believe the Republican Party is very likely to lose control of the House,” he said. “From that point on, political and social conflicts will intensify, especially during the period from the midterms to the 2028 presidential election.” He stated that the international order based on rules no longer exists; the outcome of the Iran-U.S. conflict, or decisions like “who controls the Strait of Hormuz and who controls nuclear materials,” can be decided in almost black-and-white terms. He advised investors to maintain diversified portfolios, with gold allocations between 5% and 15%. He said that history shows that during all these periods, all fiat currencies tend to decline, while gold prices tend to rise. (Dongxin News)